Producción y mercados energéticos 20/06/19
Latest Energy News |
20 June 2019 |
TOP STORY: Canada approves US$5.5bn Trans Mountain oil pipeline project The Federal government of Canada has approved the construction of the C$7.4bn (US$5.5bn) Trans Mountain oil pipeline expansion project, that it acquired from Kinder Morgan for C$4.5bn (US$3.4bn) in 2018. The 1,150-km long pipeline expansion project would twin the existing Trans Mountain line, which transports approximately 300,000 bbl/d of crude oil and refined petroleum products from the oil sands deposits in Alberta to Vancouver (British Columbia) and to the Washington State (United States). The proposed expansion project would raise transport capacity to 890,000 bbl/d and would significantly increase crude tanker traffic off the Canadian west coast. The project was rejected by the Canadian Federal court of appeal in September 2018 on grounds that government had failed to consider the concerns of some First Nations. However, the Canadian National Energy Board (NEB) estimated in early 2019 that its completion was in the Canadian public interest and should be approved. The project will have to comply with over 160 conditions covering a wide array of issues such as environmental protection, pipeline safety and integrity, commercial support for the project and financial responsibility. Construction could start later in 2019 and the project could be commissioned as of 2022. |
Policy & Regulatory Ghana will open power retail activities to private companies as of 2023 Ghana plans to allow private companies to supply power to domestic consumers as of 2023, which was until now reserved to the Power Distribution Services (PDS). PDS will operate the network as a distribution companies. This measure is aimed at creating competition and to make the cost of power more competitive.
Read more8 European countries plan to phase out coal by 2030 According to the European Commission, 8 of the 28 member countries plan to phase out coal-fired power generation by 2030: France by 2022, Ireland and Italy by 2025, Denmark, Finland, the Netherlands, Spain and Portugal by 2030.
Read moreGermany awards 205 MW in June 2019 solar tender The German federal energy regulator Bundesnetzagentur has published the results of the tender for 150 MW of solar systems held on 1 June 2019, which was largely oversubscribed, with 105 bids totalling 556 MW. Fourteen bids with a combined solar power capacity of 205 MW were awarded, two thirds of which were located in Mecklenburg Vorpommern, northern region of Germany.
Read moreEnergy & Climate Markets French GHG emissions declined by 4.2% in 2018 According to the French Interprofessional Technical Center for Air Pollution Studies (CITEPA), greenhouse gas (GHG) emissions in France declined by 4.2% to 445 MtCO2eq (excluding Land use, land-use change, and forestry (LULUCF)), thanks to a decline in GHG emissions from the transport sector (the first since 2013, in a context of economic growth).
Read moreInfrastructure & Investments TenneT moves ahead with 1.4 GW Germany-Norway power interconnection project Dutch transmission system operator (TSO) TenneT is moving ahead with laying the subsea section of the 1,400 MW NordLink interconnector project in the German part of the North Sea. The €1.5-2bn projects comprises a bipolar high voltage direct current (HVDC) subsea interconnector, which will spread across 623 km between Schleswig-Holstein (Germany) and Tonstad (Norway).
Read moreNorway considers opening area for developing 3.5 GW of offshore wind The Ministry of Petroleum and Energy of Norway is considering opening the area of Utsira Nord outside the coast of Rogaland and on the southern area of Sørlige Nordsjø II for applications on floating offshore wind.
Read moreAnadarko makes positive FID on Mozambique LNG project Anadarko and its partners in Mozambique’s Offshore Area 1 have made a positive Final Investment Decision (FID) on the Mozambique LNG project. The project will be the first liquefaction project in Mozambique, tapping gas reserves of the Golfinho/Atum fields located within Offshore Area 1, estimated to hold more than 2,100 bcm or 12 Gboe.
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